Company Snapshot: HDFC Bank

Jun 16th, 2017

About the Company

HDFC (Housing Development Finance Corporation) Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is the largest and most valued bank in India by market value of Rs 4,22,700 crore (nearly $66 billion) as of June 2017 . HDFC Bank is the third-biggest company in terms of market cap behind Tata Consultancy Services (TCS) - Rs 496,843 crore ($77 billion) and Reliance Industries - valued at Rs 432,408 crore ($67 billion) (as of June 2017). Its not only focusing Indian market but has a presence in Bahrain, Hong Kong and Dubai also.

Operation-

As of March 31, 2017

Number of Cities/Towns in Operation - 2,657

Branches - 4,715

ATM's - 12,260

Point-of-sale (POS) - 235,000

Leadership -

Managing Director: Aditya Puri

Deputy Managing Director: Paresh Sukthankar

Executive Director: Kaizad Bharucha

Chief Financial Officer: Sashi Jagdishan

Number of employees: 84,325 as of March 31, 2017.

Product & Services:

Wholesale Banking

NRI Banking

Retail Banking

Corporate

Small & Medium Enterprises

Financial Institutions & Trusts

Government Sector

Accounts & Deposits

Remittances

Investments & Insurance Loans Payment Services

Accounts & Deposits

Loans

Cards

Forex

Investments

Insurance

ATMs

Phone Banking

NetBanking

Mobile Banking.

History -

1994 - The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalisation of the Indian Banking Industry in 1994.

The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India.

HDFC Securities Limited (HSL) is a retail broking firms in India. As on March 31, 2017, the HDFC Bank held a 97.91% stake in HSL and its total income was Rs.553.2 crore. Net profit for the year was Rs. 215.9 crore.HSL has total to 273 branches across 190 cities in the country serving 1.8 million customers.

HDB Financial Services Limited (HDBFS) is a non-deposit taking non-bank finance company (‘NBFC’) offering wide range of secured and unsecured loans to individuals, small and medium enterprises, including asset finance and consumer durable loans. It operates from 1,151 branches in 815 cities across the country. As on March 31, 2017, the HDFC Bank held a 96.20% stake in HDBFS.The net profit for the year ended March 31, 2017 was Rs.684.2 crore.

Mergers & Acquisitions:

2000 - Times Bank Limited- a new private sector bank promoted by Bennett, Coleman & Co. ( Times Group) was merged with HDFC Bank Ltd., effective on February 26, 2000

HDFC won “Best Bank Award” along with two other awards at “The Financial Express India's Best Banks 2016”

Won Best Bank in Cheque Truncation System (CTS) , Best Bank in National Automated Clearing House (NACH) , Best Bank in National Financial Switch (NFS),Runner up in Rupay Cards at National Payments Excellence Awards 2016

“J. P Morgan Quality Recognition Award” recognised HDFC as “Best in class straight Through Processing Rates” for the year 2015.

Expected GD-WAT Topics

Planning your MBA after Job?

Book Of The Week

VOCAB STORY OF THE WEEK

Once, there was a preacher who was an avid golfer. Every chance he could get, he would be on the golf course swinging away. It was an obsession. One Sunday was a picture-perfect day for golfing. The sun was out, no clouds were in the sky, and the temperature was just right.
The preacher was in a quandary as to what to do, and shortly, the urge to play golf overcame him. He called an assistant to tell him that he was sick and could not do church, packed the car up, and drove three hours to a golf course where no one would recognize him. Happily, he began to play the course.Read More

You need to sign-Up/Log-In to view this article

Career2NextOrbit helps its visitors embark on a progressive journey, from being an MBA Aspirant to B-School Student to a successful Management Professional. We aim to be the most visited portal in the MBA ecosystem of India.